Yellen to the rescue

Index & Sector performance 12/17/14

The Market:

Fueled by continued caution from the Fed in raising rates and a rebound in Oil prices, the broad indices roared higher with the Russell 2000 (IWM) leading the charge finishing up over 3%.

We noted in Monday’s comments that a gap lower Tuesday could be a great trading opportunity.  For anyone that did not just day trade Tuesday’s gap down and are still holding, we would be using relatively tight stops to manage the position as there is still some concern lower levels could be seen before this decline is over.

Economic Calendar Week of 12/15/14

Reporting EPS 12/18/14 Pre-Market:

Companies reporting EPS 12/18/14

Analyst Comments:

Upgrades 12/17/14

Downgrades 12/17/14

Initiations 12/17/14

Price Target Changes 12/17/14